Chinese stocks continued their uptrend on Wednesday after an encouraging GDP report by a top statistics agency. The Shanghai Composite Index jumped to CNY 4,637 its highest level since March 18, while the Hang Seng soared to HKD 26,185. The two have jumped by nearly 10% from the lowest level…
Indian stocks are in a strong bull run, with the blue-chip Nifty 50 Index soaring by 10% from its lowest level this year. It jumped to INR 24,233, its highest level since March 11, boosted by the falling crude oil prices and the ongoing earnings season. Indian stocks surge as war…
Asian markets opened higher on Thursday as optimism over a possible US-Iran deal extended the risk-on mood from Wall Street, where the S&P 500 and Nasdaq closed at record highs.The shift from “set to rise” to actual gains matters because it confirms investors are acting on improving sentiment rather than…
Chinese energy storage systems maker Sigenergy Technology made a strong debut in Hong Kong after raising HK$4.4 billion, or about $562 million, in its initial public offering. The stock opened at HK$581, against a listing price of HK$324.20, marking a jump of roughly 79.2% and making it one of the…
Netflix Inc (NASDAQ: NFLX) remains in focus ahead of its Q1 earnings after the bell, as investors weigh whether the pioneer of binge-watching can maintain momentum in an increasingly crowded and cost-conscious digital landscape.For the first quarter, Wall Street is hunting for substantial growth, with consensus estimates pegged at $12.17…
Australian stocks pulled back on Thursday, even as other global indices jumped amid the ongoing Iran-US truce. The ASX 200 Index dropped to $8,947, from this week’s high of $9,056. This retreat happened as investors reacted to the latest Chinese and Australian macro data. Still, it is slowly forming a bullish…
Trend Micro stock surged on Thursday after the Japanese cybersecurity company unveiled a strategic tie-up with Anthropic.The stock jumped nearly 12% to 6,100 yen and briefly touched 6,294 yen, a near three-month high, putting it among the day’s best performers on the Nikkei 225.The immediate spark was the announcement that…
TSMC reported a record first-quarter profit, beating expectations as demand for advanced processors used in artificial intelligence systems remained strong.The result reinforces the company’s central role in the global AI build-out and suggests the chip spending cycle still has momentum, even as investors watch for signs of strain in supply…
SoftBank Group Corp. raised about $3.5 billion through a dual-currency bond offering, as the Japanese investment firm moves to refinance debt and partly repay a bridge loan tied to investments in OpenAI.The company secured $1.5 billion via dollar-denominated bonds and 1.75 billion euros ($2.06 billion) through euro-denominated notes, as stated…
BT Group share price has done well this year and is hovering at its highest level since 2016. It was trading at 218p on Thursday, up sharply from last year’s low of 171p. This rally may continue as it has formed the highly bullish cup-and-handle pattern.BT Group share price has…